All posts in " Creative Destruction "
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Climate Change Will Add to Unemployment in Auto Industry

By admin / October 9, 2019

The internet reshaped the retail consumer world by eliminating many small stores and forcing big stores to close locations as online shopping exploded. Many small book stores and camera stores were particularly vulnerable. Now climate change is having a similar impact. The strike with the United Auto Workers’ (UAW) and General Motors is not so […]

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Cycle of Innovation

By admin / October 9, 2019

QUESTION: Hi Martin, I am curious about Industry/Technology, is there a cycle for the industry, the industrial revolution, internet, etc., is it linear or cyclical.  Should we expect self-driving cars and continued advances or some kind of reversion to the industry/technology past?   It seems that it may be linear, but maybe only up to a point […]

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The Next Major Shift in Society

By admin / May 6, 2019

QUESTION: Do you see this new age of the internet destroying jobs that result in a Great Depression as you have illustrated with the advancement of the combustion engine in altering the agricultural economy as we move into the future? What is the future for our children? Thank you KL ANSWER: Society historically moves through […]

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TV Viewership is Collapsing

By admin / February 10, 2019

Chart provided by STATISTA The TV viewership of Superbowl LIIII collapsed in a virtual waterfall to just 98.2 million viewers. CBS, however, said the big game was watched across all platforms — including digital and streaming — by a combined total of 100.7 million viewers. That is still a major decline down 5% from last […]

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Innovation — Unemployment — Business Cycle

By admin / June 8, 2016

QUESTION: Hi Martin, Thank you for everything that you do. Comments have been made – to which you yourself have been alluding to for some time – that technology is replacing jobs at such a rapid rate, unemployment will be a major issue in the very near future.  However, these commentators conclude that this proves […]

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Claude Frédéric Bastiat – The Father of Libertarianism

By admin / June 4, 2016

Claude Frédéric Bastiat (b. 1801-1850) was a French, classical liberal theorist, political economist, Freemason, and member of the French National Assembly whose fundamental ideas have provided a foundation for libertarianism. In economics, Bastiat is remembered for his concept of opportunity cost and for introducing the parable of the broken window or the “glazier’s fallacy.” Essentially, a […]

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The Wave of Deflation & Rising Unemployment

By admin / May 19, 2016

QUESTION: Marty, years ago you did a chart showing the projection for unemployment. I believe I understand what you were projection for the company I work for has been replacing people with technology on a large scale. So we can have rising corporate profits with rising unemployment as technology changes everything. Is there a point […]